A very good column today at the FT by Stefan Stern.
Interesting insights into the cycle of decline:
- Hubris born of success - We can do no wrong.
- Undisciplined pursuit of more
- Denial of risk and peril
- Grasping for salvation
- Capitulation to irrelevance or death
In re my earlier post about the USA today and the Dubacle, I will leave it to you to decide which stage each of these parties is in.
The other interesting insight is that there is a market for management gurus and books apparently unrelated to success. Perhaps, the most important lesson of all.
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2 comments:
Dubai: Stage 4.
Or was this a rhetoric question?
Thanks.
I would have them still in Stage 3. But you're closer than I am.
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